The Government MAKING HOME AFFORDABLE program requires:
- OWNER OCCUPANT WITH LOAN OF LESS THAN $729,750 TAKEN OUT BEFORE JANUARY 1, 2009
- MORTGAGE PAYMENT (WITH TAXES, INSURANCE) THAT IS MORE THAN 31% OF YOUR GROSS MONTHLY INCOME
- HARDSHIP IN MAKING MORTGAGE PAYMENT BECAUSE OF CHANGE IN INCOME OR EXPENSES
Even if criteria are met, a loan modification is not guaranteed.
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Christopher G. Blood, the owner of Straight Arrow Real Estate Consulting is both a licensed attorney and a licensed real estate broker. This is the ideal skill set 1) to perform an in-depth analysis on your loan situation/hardship status to determine if you/your loan qualifies for the Government Making Home Affordable Loan Modification Program, 2) to draft the appropriate correspondence and assemble the package to send to your Lender, and 3) to negotiate with your Lender to get the best loan modification possible for you.
Mr. Blood's CA law license # is 215036 and his CA real estate license # is 01410836, both verifiable on State of California websites. Do not pursue a loan modification with anyone that is unwilling or unable to document that they are a licensed legal professional.
Christopher Blood has a very reasonable fee structure involving a $750 advance fee and then a $375 contingency fee only after a loan modification is obtained for you ($275 fee for successful second loan modifications). If it is determined by the analyses of your loan, income, and hardship status that you will likely not qualify, then Mr. Blood will refund any of the advance fee, excluding the nominal $150 retainer fee, not expended on the review process and attorney communications. However, if you are likely to qualify, Mr. Blood will fight very hard to obtain a loan modification for you!
Call Chris Blood at 619-804-2486 or e-mail him at attorney@straightarrowservices.com
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